KYIV, Oct 11 – The Cabinet of Ministers, at a meeting on Friday, approved the results of the privatization auction in Prozorro. Sales for the sale of 100% of the shares in the United Mining and Chemical Company (UMCC) to the only participant, a subsidiary of NEQSOL Holding, for UAH 3.938 billion.

"This is Ukraine's largest company for the extraction and processing of titanium ores. The auction winner offered nearly UAH 4 billion and will also be required to invest at least UAH 400 million in the company's technical modernization. Today, the government is deciding to sell the state's stake in UMCC for this sum," Prime Minister Denys Shmyhal said during the meeting.